At Forbes India, many of our stories revolve around entrepreneurship, innovation and success—the end product of which is often the creation of wealth. But wealth is not merely an end product; it is also the starting point for setting off a virtuous cycle of gain. The worst thing that can happen to wealth is for it to stagnate and atrophy in some bank in Cayman Islands or somewhere else. Philanthropists know this better than anyone else. This is why even while their businesses may be raking it in, they are constantly looking for ways to make their wealth do more than just generate a profit for themselves.
(This story appears in the 13 December, 2013 issue of Forbes India. To visit our Archives, click here.)
\"But wealth is not merely an end product; it is also the starting point for setting off a virtuous cycle of gain\" : beautiful lines
on Dec 2, 2013I don't understand why there is so much hatred for wealth in India! What is wrong with making wealth and enjoying it? Even if a person enjoys his wealth, he is giving a part of it for service provided for him, which in turn helps them to earn wealth. We have a tendency to see everything as zero-sum game as though, people, who earn wealth will somehow run away somewhere after their wealth! It's a fallacy. Even, if a wealth man invests his wealth in useful business, he is helping others get employment and some suppliers opportunities for creating wealth and customers he is helping in serving them! Why should we think that we can serve a society only by giving away wealth? Why can't we serve society by just doing our work? Are we not serving society by giving taxes? Why does Forbes India take left of center position on these issues? Pls. understand that every economic activity always does some good to the society! So we need to encourage more economic activity in general rather than certain type of wealth transfer kind of economic activity!
on Dec 2, 2013This concept is explained in detail by Swami Vivekananda in book called \"Karma Yoga\". This is short book and it will not take long time to read.
on Nov 30, 2013